Topcon makes strategic investment in DDK Positioning
By Adam FreillConstruction Software
Designer, manufacturer and distributor of precision measurement and workflow solutions for construction, geospatial and agriculture markets invests in GNSS positioning services provider.
Topcon Positioning Systems recently made a strategic investment in DDK Positioning Ltd, a company that specializes in GNSS receivers and PPP correction services over the Iridium network.
“For a number of years, Topcon has been a supplier of core GNSS components to DDK Positioning to deliver their MAX services,” stated Ian Stilgoe, vice-president of emerging business at Topcon. “With the expansion and growing success of this business… a closer cooperation will ensure optimal integration for the highest possible accuracies and performance in the most demanding applications.”
“This partnership provides an extraordinary opportunity for our two companies to work together in pursuit of our shared ambition — providing a robust, resilient and truly unique GNSS positioning service,” added Kevin Gaffney, CEO of DDK Positioning. “We are extremely excited about partnering with Topcon… not only will it allow us to continue to develop best in class positioning services, we will also be able to continue to grow the company and expand our services globally.”
Terms of the agreement were not disclosed.